Yes Bank‘s share price was upbeat on Friday morning looking to halt its three-session losing streak. Nomura maintained its “neutral” rating on Yes Bank, following its Q2 business update. The brokerage firm has set a target price of ₹17. The analysts said that the update highlights strong deposit growth, especially driven by the increase in current account and savings account deposits.
Open FlipAsian currencies are heading for their worst week in over a year, with a Bloomberg gauge slumping 0.8%, as traders scale back bets on aggressive Federal Reserve rate cuts amid resilient US jobs data and geopolitical tensions. The Malaysian ringgit, Indonesian rupiah, and Thai baht lead the losses, with some expecting them to give back half to two-thirds of their recent rally.
Open Flip📌Goldman Sachs has a sell rating on Avenue Supermarts with a target price of Rs 4,050. 📌Macquarie has an outperform rating on Avenue Supermarts with a target price of Rs 5,600. 📌Morgan Stanley has an overweight rating on M&M with a target price of Rs 3,304. 📌Morgan Stanley has an overweight rating on Bajaj Finance with a target price of Rs 9,000.
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